Anthony Wayne March will also have to pay more than $6 million in restitution after pleading guilty last August to one count of wire fraud.

Nessim, president of Kingswood U.S. and CEO of Kingswood's SPAC, takes over the CEO duties of Derek Bruton, who has stepped down.

The SEC claimed George Blankenbaker raised more than $11 million from investors, while the Justice Department also charged him with wire fraud and money laundering.

The mergers, acquisitions and advisor moves announced from March 29 to April 2, 2021.

The advisors come from Kestra Investment Services, Key Investment Services, Bank of America Merrill Lynch and UBS Financial Services.

The deal between Investment Counsel and LaFleur & Godfrey will mark the latter's second transaction in the past 12 months, and comes after Focus partner firms had a busy 2020 in M&A activity.

Stifel is working to revitalize its sleepy independent broker/dealer, Century Securities, starting with a rebrand and a new chief, former Wells Fargo exec Alex David.

The SEC claimed Douglas Elstun put clients' long-term money in high-risk leveraged and inverse ETFs, funds meant for short-term trading. He was trying to 'please too many people,' his lawyer said.

MAI, backed by Wealth Partners Capital Group, continues its acquisition spree with Cleveland, Ohio, firm Ownership Advisors.

Kingswood U.S. CEO Derek Bruton is leaving the firm in June.